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Analystsb21 February 2014
Total Revenue
$160,000$137 111
$40 000
$60,000
$80,000
$100,000
$120,000
$140,000
QMTappersPort of Tga
$118,589
$105,660
$137,111
$20,000
$40,000
2011 2012 2013000s
6 months ended 31 December 2013
2
Underlying Group Surplus After Taxation
$39,193$39,342
$40 000
$50,000
$34,571
$10,000
$20,000
$30,000
$40,000
$0
2011 2012 2013
6 months ended 31 December 2013
$000s
$1,835$203$3 833 POT
Breakdown of Surplus After Taxation
2013
$1,702
$3,833
$31,769
POT
Tappers
C3
Northport
Other
QM
$1 289
$2,457
131$3,676
2012
$1,289
$31,640
$000s
6 months ended 31 December 2013
3
Interim Dividend
12
20 21
468
1012141618202224
024
2011 2012 2013Cents
Per Share
Debt / Debt +Equity
29.1% 27.5% 28.7%
10%15%20%25%30%35%40%45%50%
0%5%
2011 2012 2013
4
Group Operating EBITDA
$61,376$67,700
$71,450
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$0
$10,000
2011 2012 2013000s
6 months ended 31 December 2013
Cargo Throughput
8,5069,378
9,921
2 000
4,000
6,000
8,000
10,000
12,000
0
2,000
2011 2012 2013
6 months ended 31 December 2013
000sTonnes
5
Container Throughput
431,840
381 038
450,000
344,081
381,038
150,000
200,000
250,000
300,000
350,000
400,000
100,000
2011 2012 2013
6 months ended 31 December 2013
TEUs
Log Throughput
4 000
2,3272,649
3,406
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
0
500
2011 2012 2013
6 months ended 31 December 2013
000sJASM
6
Coal Throughput
31
94100
200
300
310
0
2011 2012 2013
6 months ended 31 December 2013
000sTonnes
Dairy
500
935
771
200300400500600700800900
1,000
0100
2011 2012 2013
6 months ended 31 December 2013
000sTonnes
7
Fertiliser
288
245273
100
150
200
250
300
350
400
0
50
2011 2012 2013
6 months ended 31 December 2013
000sTonnes
Grain & Dairy Food Supplements
604
461
590
100
200
300
400
500
600
700
0
100
2011 2012 2013
6 months ended 31 December 2013
000sTonnes
8
Associates
Quality Marshalling
• Loss of Timberlands/PFP Contract• Loss of Timberlands/PFP Contract
• Stevedoring of logs at Northport
• Gaining of contract to load/unload trains at Tauranga Container Terminal
9
Profit Up 4 % on pcp
• Profit up 32% (includes Priority Logistics)
• Priority Logistics integrated into Tappers
• Cross docking volumes up 55 % on pcp
10
Timaru
Positive support from Timaru Business community
Highlights
11
Log Exports up 29%
• Integrated into Tapper Transport g pp p
• Cross docking facility set up at Tauranga Container Terminal
12
Izone Rolleston
Izone Master Plan
Stage 7
13
MetroBox Merger with SCS
Two New Tugs Ordered
14
Crane #7 Assembly
Wholesale Bond
Issue of a $50 million, 6 year wholesale bond at 5.86%
15
Outlook
Capital Expenditure Budget 2014-2016
Y d d 30 J 2013A 2014F 201 2016 T lYear ended 30 June 2013A 2014F 2015 2016 Total$000 $000 $000 $000 $000
CommittedMaintenance capex 14,000 7,000 12,000 12,000 31,0006th crane and straddle carriers 13,000 0 0 0 0Crane and straddle carriers 7,000 6,000 0 0 6,000Terminal/reefer expansion 25,000 3,000 0 0 3,000New Tugs 0 3,000 16,000 0 19,000Property Purchases 9,000 54,000 0 0 54,000
68,000 73,000 28,000 12,000 113,000UncommittedUncommittedDredging (Stage 1) 0 0 40,000 13,000 53,000Rolleston Development 0 0 10,000 0 10,000Terminal Expansion 0 0 20,000 20,000Mount wharf replacement/Tanker Berth 0 0 0 32,000 32,000
0 0 50,000 65,000 115,0000
Total $68,000 $73,000 $78,000 $77,000 228,000
16
Trade Outlook 2014
